@TMFScottP Small business operates out of a company, shares owned by a trust then pays 30% tax rather than sbe rate of 25% with credits refundable.
40k - 50/50 to mum and dad tax free
40k - now tax at 12,000
Nice for small business mum and dads.
@JacintaAllanMP You set this up….
1 - get fed square to say, no!
2 - wait for outcry
3 - overturn the decision for optics
4 - pretend you’ve done something positive…..